Gold: For Rumble, Western Queen is turning into a high grade feast
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Rumble Resources (ASX:RTR) has struck high-grade gold at its Western Queen project near Mt Magnet, WA, sending its shares up 3.5 per cent in morning trade.
Drilling at the project returned hits of 6m at 32.24 grams per tonne (g/t) gold from 354m, 5.4m at 5.11g/t gold from 365.5m and 4.4m at 3.22g/t gold from 349.9m.
Results over 5g/t are usually considered high grade.
The results, which are all along strike from a historical gold intersection of 6.3m at 36.06g/t gold, indicates that the gold mineralising system extends at least 300m and remains open.
Rumble also hit new gold zones between the historical pits at Western Queen Central and Western Queen South as well as north of a historical drill hole at Western Queen Central.
Drilling at the Western Princess target returned 3m at 19.9g/t gold from 8m. This zone is open to the south and down plunge.
Meanwhile, drilling north of Western Queen Central hit a 1m intersection grading 11.8g/t gold from 103m. No drilling has been completed north of this hit.
Over in the southeast, Musgrave Minerals (ASX:MGV) has more than doubled the resource for the Lena deposit within its Cue project to 4.3 million tonnes grading 2.3g/t gold, or 325,000 ounces of gold.
This represents a 112 per cent increase in total resource ounces and a 28 per cent increase in the gold grade.
It also increases the global resource at the Cue project to 6.45mt at 3g/t gold for 613,000 ounces of contained gold.
Musgrave noted that the Lena deposit remains open down dip and that drilling is underway at the Break of Day deposit and Mainland target with a focus on further resource growth and making new discoveries.
Shares in MGV rose more than 7 per cent on the news.
Kin Mining (ASX:KIN) has also upgraded resources at its Cardinia gold project near Leonora, Western Australia, by 2.8mt at 1.16g/t gold to 21mt at 1.4g/t gold for 945,000 ounces of contained gold. The company is continuing exploration work to improve on its pre-feasibility study outcomes.